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“Some of our high conviction buy ideas as of now are: M&M, Eicher Motors, Titan, ITC, Oberoi Realty, HAL, Bajaj Holdings, ICICI Bank, Axis Bank, Bank of Baroda, Kirloskar Oil Engines," says Gaurav Dua - SVP, Head - Capital Market Strategy – Sharekhan

The rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dollar.

He said there is intense competition going forward because when global central banks are fighting inflation, commodities do not do well. "Commodities in general and metals are underweight, and steel and metal stocks are sell-on-rise."

Headline indices in India declined about 4% in September, but this was far lesser than the steeper cuts seen by its developed and emerging market peers. Thanks to the continued inflows from domestic institutional and retail investors, Indian equities managed to be an outlier. DIIs net bought Indian equities worth more than Rs 15 crores in September.

The resilience shown by Indian equities to withstand global shocks does put them on a better foot, but analysts are of the view that profits should be booked in the midcap and smallcap space now.

The stock has a major presence in the brandy market. The company has seen a turnaround from a Rs 38 crore loss last year to a Rs 45 crore profit this year and I expect it to report Rs 75 crore profit now, Maheshwari said.

Saving is the aim of financial planning. Every month you should start saving money before making any expenses. Aim to save at least 20% of your disposable income. Without mandatory savings, all your income becomes disposable.

IT stocks were the worst hit as the BSE IT index slumped over 22% during the period amid worries around the impact of the recession on margins as well as demand. The realty index was hit equally badly as interest rates began to rise.

Credit growth continued to create new high, rising 14.8% year-on-year in August. Services and industry credit led credit growth, followed by agriculture and retail. Retail credit growth remained strong at 19.5%. Within retail, an uptick was seen in consumer durables, credit card outstanding and vehicle loans.

Options have become a popular vehicle for retail investors looking to place leveraged bets in hopes of outsized gains. Retail trades are now 35.9% of option premium value traded as against 33.7% in FY22. A number of brokers have introduced low flat fee trade for options on easy-to-use platforms.